Today's Revenue Management thought:-
A-B-C: Always Be Changing Your Pricing
If you are not constantly reviewing and updating your prices you could be missing out.
Automated pricing technology allows you to change prices frequently, minute-by-minute if required.
To remain successful you will need to focus on the profitability of every room you sell almost on a daily basis, which is done by reviewing and testing prices.
In addition you will always need to be aware of what the markets "perceived price” is, how your company and product are perceived – and what your competitors are charging.
Have a profitable week.
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